Fri.Jun 13, 2025

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Corporate Balance in the Face of Accelerating Technological Change

Harvard Corporate Governance

Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Friday, June 13, 2025 Editor's Note: Martin Lipton is a Founding Partner at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton memorandum by Mr. Lipton, Kevin S. Schwartz , and David M. Adlerstein. The imperative to adapt to changing technological landscapes is a permanent fact of business life.

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Comment on FOIA, AI, & the Appraiser’s Defense: A Blueprint for Fighting Back by Desiree Mehbod

Appraisers Blog

Ken, I really admire how you’ve leveraged AI to push back against bureaucratic overreach. Your persistence, especially in navigating FOIA & citing federal statutes, sets an important example for other appraisers facing similar pressures. That said, one caution I’d offer, from one peer to another: if you’re using 3rd-party AI tools like ChatGPT to process appraisal content, just be cautious about what’s being shared.

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Weekly Roundup: June 5-11, 2025

Harvard Corporate Governance

Posted by the Harvard Law School Forum on Corporate Governance, on Friday, June 13, 2025 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of June 5-11, 2025 Remarks by Chair Atkins Posted by Paul Atkins, U.S. Securities and Exchange Commission, on Friday, June 6, 2025 Tags: Fiduciary duties , Proxy voting , SEC , Shareholder rights Remarks by Commissioner Peirce at the Meeting of the Investor Advisory Committee Posted by Hester M.

Equity 100
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How to Benchmark Startup Revenue and EBITDA Projections

Equidam

Financial projections form the backbone of startup valuation. While qualitative methods like our Scorecard and Checklist approaches provide valuable insights by comparing startups against peer averages, they can only take you so far. Venture capital is fundamentally about identifying and funding outliers—companies that will vastly outperform the average.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Multinationals at a crossroads: Adapting to a new geopolitical era

Mckinsey and Company

Leaders of multinational companies are grappling with fundamental questions about how to operate globally in a fragmenting world. The answer lies in reimagining their organizations for an evolving business environment.

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Business Valuation for Buying a Financial Advisory Firm

Peak Business Valuation

Financial advisory firms provide essential services, helping business owners manage money, plan for retirement, and invest wisely. As a principal resource for a variety of individuals, financial advising is growing in popularity. If you are looking to purchase a financial advisory firm, it is beneficial to obtain a business valuation first. By receiving a valuation for buying a financial advisory firm, you can learn how to succeed in this industry.

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Becoming CEO—just in time for a global crisis: David Gitlin

Mckinsey and Company

Carrier Global Corporation Chair and CEO David Gitlin talks about how going through a spin-off, a pandemic, and a major repositioning in his first years at the helm have shaped him and his company.

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Comment on FOIA, AI, & the Appraiser’s Defense: A Blueprint for Fighting Back by Pray Hard

Appraisers Blog

One appraiser, accused without due process, used FOIA to uncover the truth & expose a system masked as equity.

Equity 71
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When MTD meets PCRT: What the new guidance means

Accounting Web

HMRC & policy

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Don’t Punt on Succession Planning, Even if You Plan to Sell Externally

Auto Dealer Valuation Insights

With constant headlines about M&A activity and frequent inquiries from prospective acquirers, it’s easy for RIA owners to get the impression that an external transaction is the primary path to exit and monetize their business. While external sales can be a viable exit option, we caution against viewing them as a substitute for a robust succession planning process.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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BCLP-Led Canadian Miner Bids $1.25B For Rival Adriatic

Law 360 M&A

Canadian gold miner Dundee Precious Metals said Friday that it has agreed to acquire British rival Adriatic Metals for approximately $1.25 billion to expand its operations in Bosnia and Herzegovina.

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The AI Facility Frenzy

Global Finance

Not since the height of the industrial revolution have we seen the level of demand for infrastructure capacity that the artificial intelligence boom has created. It’s estimated that roughly 10 times the computing power is needed to conduct a ChatGP search compared to a regular Google search. According to Goldman Sachs, we can expect AI power demand to increase by 165% by 2030; McKinsey forecasts that in Europe alone, meeting the new IT load demand will require between $250 billion to $300 billio

Finance 66
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PE Firm Caused Policyholder To Overpay, R&W Insurer Says

Law 360 M&A

A representations and warranties insurer accused a private equity firm in Delaware Chancery Court of causing its policyholder to pay too much in its $140 million acquisition of a construction equipment manufacturer, arguing the firm must reimburse the insurer for its $12 million coverage payment.

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CFO Corner: Rouven Bergmann, Dassault Systemes

Global Finance

Global Finance : Since you joined Dasault Systemes, what has been the most challenging period, and why? Rouven Bergmann: The balance of managing long term and short term is always the biggest struggle for the CFO. You have to create the capacity to invest in the long term, but you also have to manage performance quarter to quarter. Certainly, 2024 was a difficult year, because of volatility in the end markets.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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More Aspen Tech Stockholders Pile In For Del. Mega-Appraisal

Law 360 M&A

A new Aspen Technology Inc. stockholder group launched a team demand Friday for Delaware Court of Chancery appraisal of their shares prior to the company's $265 per share, $7.2 billion minority stake acquisition by Emerson Electric Co., with other suits and related actions still pending.

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Addressing Uncertainty, Driving Change: The Innovators

Global Finance

Uncertain times call for innovative thinking and a greater focus on both future-proofing and resilience. Accordingly, many of the innovations this year’s award winners are putting in place focus on two imperatives: minimizing the risk of obsolescence or failure when facing unforeseen circumstances and developing greater agility to adapt and thrive in the face of future uncertainties and disruptions.

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Comment on FOIA, AI, & the Appraiser’s Defense: A Blueprint for Fighting Back by HUDS_HARM

Appraisers Blog

HUD is attempting to charge me over $1,000 for my FOIA request to prove they inadvertently close loans reviews at the lowest severity level excusing lenders without the required field review against their own policies and procedures.

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Role of Accounting and Advisory Partners in a Startup

Redpath

Here’s a harsh truth for startup founders: 20% of startups fail in their first year, and 50% fail by year five. In many of those cases, the challenges come from cash flow. They simply don’t have enough money to sustain or grow.

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China: CATL Supercharges Hong Kong’s IPO Market

Global Finance

Shares jumped 16.4% on its debut, with JPMorgan Chase underwriting the deal that propelled the bourse to the top of global rankings. “CATL’s Hong Kong listing is a significant milestone, not just for the company but for the broader regional market,” said Joshua Chu, a Hong Kong-based lawyer at CITD. “The scale of the IPO, given the current global macroeconomic headwinds and the cautious investor sentiment in Asia, is impressive,” he added.

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Jefferson Capital Targets $1B Valuation With $160M IPO

Law 360 M&A

Private equity-backed consumer debt purchaser and collector Jefferson Capital on Friday laid out the terms for its planned initial public offering that would target a valuation of up to approximately $1 billion.

Equity 52
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Mineral Aggregator Valuation Multiples Study Released

Auto Dealer Valuation Insights

Mercer Capital has its finger on the pulse of the minerals market. An important trend has been the rise of mineral aggregators, which have largely supplanted trusts as the primary method of publicly traded minerals ownership.

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Volunteering At Schools Makes Me A Better Lawyer

Law 360 M&A

Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.

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13171229 B.C. Ltd. and Launchit Solutions Inc. Announce Execution of Business Combination Agreement and Launchit's Concurrent Financing

Benzinga

VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- 1317229 B.C. Ltd. (" 131 " or the " Company ") and Launchit Solutions Inc. (" Launchit ") are pleased to announce that the Company, Launchit and 1001240330 Ontario Inc. (" Subco "), a wholly-owned subsidiary of the Company, have entered into a business combination agreement dated June 12, 2025 (the " Business Combination Agreement ") pursuant to which the Company will acquire Launchit by way of a three-cornered amalgamation, which wi

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Comment on FOIA, AI, & the Appraiser’s Defense: A Blueprint for Fighting Back by Mary Cummins

Appraisers Blog

Good for you. Thank you for doing that. My FOIA requests to HUD went nowhere. They gave me impossible hoops to try to jump through or they didn’t reply at all. Once when I requested a copy of specific complaints about appraisers they told me I needed a signed, notarized statement from complainant with their name, birth date, nation of origin stating they allow me to have the data.

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Wabtec Gets Caterpillar Unit's Antitrust Claims Tossed

Law 360 M&A

A Delaware federal judge has dismissed Caterpillar subsidiary Progress Rail's antitrust claims over rail giant Wabtec's 2019 merger with General Electric's transportation unit but refused to dismiss breach of contract and other claims.

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HMRC warns online retail sector about R&D agents

Accounting Web

HMRC & policy

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Jones Day-Led PE Firm Bids £186.7M For Engineer Renold

Law 360 M&A

MPE Partners, a private equity firm, said Friday it had agreed to acquire Renold PLC, a British industrial chains maker, for approximately £186.7 million ($254 million), in a deal guided by Jones Day and Eversheds Sutherland.

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Canal+ Buys African TV Group, As Telecom Deals Heat Up

Global Finance

Currently, it boasts nearly 27 million subscribers in 52 countries across three continents. Last December, the French media and telecom giant listed on the London Stock Exchange, following a spin-off from its parent company, Vivendi, ushering in an independent future to pursue its growth ambitions. For Canal+, which generated $7.2 billion (about €6.4 billion) in revenue in 2024, Africa and Asia offer high-growth potentials.

Finance 52
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AstraZeneca Inks Up To $5.3B AI Drug Deal With Chinese Firm

Law 360 M&A

AstraZeneca said Friday it has entered into a strategic artificial intelligence-driven research partnership with China's CSPC Pharmaceutical Group in a deal worth as much as $5.3 billion, expanding the British drugmaker's commitments in the country following a shakeup of the company's local leadership.

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Optimizing healthcare supply costs—from the physician’s perspective

Mckinsey and Company

Clinical supply costs make up a large share of a health system’s total cost base. As healthcare leaders look to optimize clinical supply spend, physician perspectives can unlock potential value.

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Nelson Mullins Adds Smith Gambrell's Korea Leader In LA

Law 360 M&A

Nelson Mullins Riley & Scarborough LLP has hired the former leader of Smith Gambrell & Russell LLP's Korea practice to bolster its corporate, mergers and acquisitions, entertainment transaction, and other services.

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Unusual Machines Acquires Rotor Lab To Strengthen Drone Supply Chain

Benzinga

Unusual Machines, Inc. (AMEX: UMAC ) on Friday inked a definitive agreement to acquire Rotor Lab Pty Ltd , an Australia-based manufacturer of electric propulsion systems for unmanned aerial systems. The $7 million deal, which includes a $3 million earnout, is structured primarily as an all-stock transaction. Effective June 12, 2025, the acquisition is intended to enhance Unusual Machines’ motor production capabilities and support its expansion within the commercial and defense drone market

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DOJ Says Google Still Won't Turn Over Ad Tech Breakup Docs

Law 360 M&A

The U.S. Department of Justice on Friday told the Virginia federal court overseeing its ad tech monopolization case against Google that the search giant is still withholding documents analyzing a potential breakup of its ad tech business despite an order last month requiring it to produce the material.

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180 Degree Capital Corp. Notes Filing of Updated Preliminary Joint Proxy Statement/Prospectus for Proposed Business Combination With Mount Logan Capital Inc.

Benzinga

MONTCLAIR, N.J., June 13, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN ) ("180 Degree Capital") today noted the filing of an amended preliminary joint proxy statement/prospectus on Schedule 14A with the Securities and Exchange Commission ("SEC") on Thursday, June 12, 2025, regarding its proposed merger with Mount Logan Capital Inc.

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